Kentucky Retirement Systems lessened its stake in Caterpillar Inc. (NYSE:CAT) by 51.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,669 shares of the industrial products company’s stock after selling 26,870 shares during the quarter. Kentucky Retirement Systems’ holdings in Caterpillar were worth $3,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Loeb Partners Corp purchased a new stake in shares of Caterpillar during the 4th quarter valued at about $25,000. Clarfeld Financial Advisors LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at about $26,000. Bartlett & Co. LLC increased its position in shares of Caterpillar by 150.0% during the 4th quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. PRW Wealth Management LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at about $43,000. Finally, Murphy Pohlad Asset Management LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at about $48,000. 67.11% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:CAT traded up $2.90 during mid-day trading on Friday, reaching $139.03. 4,939,929 shares of the company traded hands, compared to its average volume of 4,450,058. The company has a market cap of $78.63 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 1.78. Caterpillar Inc. has a 52 week low of $112.06 and a 52 week high of $161.60.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a $0.86 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $3.44 annualized dividend and a yield of 2.47%. Caterpillar’s payout ratio is 30.66%.
Several research firms have recently commented on CAT. ValuEngine lowered shares of Caterpillar from a “hold” rating to a “sell” rating in a research report on Thursday. Bank of America set a $152.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research report on Thursday, April 4th. Zacks Investment Research lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Morgan Stanley set a $165.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $173.00 price target on shares of Caterpillar in a research report on Thursday, February 14th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $145.39.
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Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
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